Is Telford, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Telford has remained a Seller's Market.
Key Takeaway
Telford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Telford, PA
How much do homes in Telford, PA cost?
Median Sold Price
$387,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Telford has remained the same since last year.
Summary: The median home sold price in Telford was $387,000 in May 2024, down 0.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $185K | +9.5% |
| 2 Bedrooms | $275K | $316K | +14.9% |
| 3 Bedrooms | $383K | $356.5K | -6.9% |
| 4 Bedrooms | $563.7K | $480K | -14.9% |
| 5+ Bedrooms | $543K | $608K | +12.0% |
Summary: Telford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 14.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
| Souderton | $345K | $415K | +20.3% |
| Franconia Township | $432.5K | $495K | +14.5% |
| Telford | $364.7K | $389.9K | +6.9% |
| Telford | $388K | $387K | -0.3% |
Housing Supply in Telford, PA
How many homes are available in Telford, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Telford real estate market had 30 homes for sale in May 2024, a 15.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Telford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 13 | +225.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Telford, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Telford in May 2024, up by 225.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% were sold over asking.
Days on Market for Telford, PA
How long does it take to sell a home in Telford, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 10 Days | -2.3% |
Summary: Homes in Telford had an average of 10 days on market in May 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Telford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Telford; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
